December 26, 2014 3:10 PM ET

Capital Markets

Company Overview of AllianceBernstein L.P.

Company Overview

AllianceBernstein L.P. provides independent research, portfolio strategy, and brokerage-related services to institutional investors. It primarily provides its services to individuals. The firm also caters to high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, and state or municipal government entities. It manages separate client focused equity, fixed income, and balanced portfolios. The firm also launches and manages equity, fixed income, and balanced mutual funds for its clients. It invests in the public equity and fixed income markets across the globe. The firm also invests...

1345 Avenue of the Americas

New York, NY 10105

United States

Founded in 1971

3,295 Employees

Phone:

212-969-1000

Fax:

212-969-2293

Key Executives for AllianceBernstein L.P.

Chief Executive Officer and Chairman of the Board
Age: 61
Chief Financial Officer and Senior Vice President
Age: 54
Chief Operating Officer
Age: 55
Senior Vice President and Director of Investor Relations and Corporate Communications
Senior Adviser
Age: 66
Compensation as of Fiscal Year 2014.

AllianceBernstein L.P. Key Developments

AllianceBernstein L.P. Presents at Bank of America Merrill Lynch 2014 Leveraged Finance Conference, Dec-03-2014 01:30 PM

AllianceBernstein L.P. Presents at Bank of America Merrill Lynch 2014 Leveraged Finance Conference, Dec-03-2014 01:30 PM. Venue: Boca Raton Resort & Club, 501 East Camino Real, Boca Raton, Florida, United States. Speakers: Gershon M. Distenfeld, Senior Vice President, Director of High Yield, Portfolio Manager, and Member of the Credit Research Review Committee.

AllianceBernstein L.P. Reports Unaudited Consolidated Earnings Results for the Third Quarter Ended September 30, 2014

AllianceBernstein L.P. reported unaudited consolidated earnings results for the third quarter ended September 30, 2014. For the quarter, the company reported net revenues of USD 749,748,000 against USD 706,078,000 a year ago. Operating income was USD 144,708,000 against USD 108,618,000 a year ago. Net income attributable to company’s unit holders was USD 139,798,000 against USD 99,948,000 a year ago. Adjusted net revenues were USD 626,362,000 against USD 577,796,000 a year ago. Adjusted operating income was USD 149,149,000 against USD 131,238,000 a year ago. Adjusted net revenues were up 8% compared to the third quarter of 2013, driven by higher base fees, Bernstein Research Services revenues and performance-based fees, partially offset by negative net distribution, the result of current quarter distribution payments from non-US retail products that exceeded distribution revenues. Sequentially, adjusted net revenues were essentially flat as higher base fees were offset by lower performance-based fees and Bernstein Research Services revenues.

AllianceBernstein L.P. Launches Three New Liquid Alternative Mutual Funds

AllianceBernstein L.P. has launched three new liquid alternative mutual funds, Credit Long/Short, or ALASX, Multi-Manager Alternative Strategies Fund, or ALATX, and Long/Short Multi-Manager Fund, or LSAMX, as it continues to expand its array of US retail offerings. These three new mutual funds represent the next phase of opportunity for AllianceBernstein's rapidly growing $19 billion alternatives platform. Leveraging the expertise of AllianceBernstein's credit investment team, which manages more than $130 billion in assets and integrated global credit research platform, Credit Long/Short seeks capital preservation and low correlation to traditional asset classes, with the goal of achieving strong relative returns in rising rate environments, as well as a relatively modest drawdown experience in more challenged markets.

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